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Ronald Balzano Allegedly Violated Regulation Best Interest

Ronald Balzano (CRD #: 5464929), a broker registered with Morgan Stanley, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on December 22, 2023. Keep reading if you have questions regarding his alleged conduct. 

On November 1, 2023, an investor alleged that Ronald Balzano implemented a trading strategy in her managed accounts that was not in her best interests. This alleged conduct took place from 2021 through 2023. 

The investor is seeking $150,000. 

What is Regulation Best Interest? 

Regulation Best Interest expands on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, the Conflict of Interest Obligation, and the Disclosure Obligation. These obligations and duties require brokerage firms to disclose conflicts of interest. Firms must also research the market for investments that could offer similar benefits at a lower cost prior to making a recommendation. 

Background Information

Ronald Balzano has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 31 Futures Managed Funds Examination 
  • Series 7 General Securities Representative Examination

He is a registered broker in 34 states and is a registered investment adviser in Connecticut and Texas. 

During his 15 years of experience, he has exclusively registered with two firms: Morgan Stanley (CRD #: 149777) and Morgan Stanley & Co. Incorporated (CRD #: 8209). 

Kurta Law Can Help 

If you have worked with Ronald Balzano and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.